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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Tacoma at 720 N L Street, Tacoma, WA, 98403 priced at $1,350,000 converts $3,990/mo rent into after a $6,608/mo obligation. Total monthly income equals $3,990/mo. Return on cash invested prints 9.05% in year one, and rental yield reads 3.55% against a $1,350,000 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation compiles into $372,980 by year five. Five-year ROI reaches 44.29% and total cumulative return in cash sums $193,709. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,990/mo property income covering a $6,608/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98403, Tacoma, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,772 (100%) |
| Owner Occupied HU | 1,810 (37.9%) |
| Renter Occupied HU | 2,607 (54.6%) |
| Vacant Housing Units | 355 ( 7.4%) |
| Median Home Value | $832,367 |
| Average Home Value | $908,461 |
Residential
4,387
Single Family
2,154
Multi-Family
2,233
Businesses
189
Date | Event | Price |
|---|---|---|
| 2025-05-28 | Listed for sale | $1,350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tara Anderson • Golden West Properties Inc
Mls Name: NWMLS
Mls Provider:
Mls ID: #2381953
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
